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Do you need to file old tax for a year I show a lost and had no income as self-employed?
Plestus
You can file as a schedule C and there may be benefits to you for filing the losses and business deductions. But after about 3 years of loss, the IRS would like you to file the company as a "hobby" and not a schedule C business. But they understand, especially during this time, that there will be losses that can be temporary. I'm not sure that you "need" to file, but it might benefit you to file anyways. I'm just a regular person who is answering just from personal knowledge. Hopefully some real tax person will jump in and help answer this better for you but just thought i should share what i know since there were no other answers. good luck!
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∙ 12y ago
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I'm a retired and my ssa income is low, Do I need to file?
Does low income retiree need to file income tax?
Do you need to file taxes if you had no income?
yes
If your total earned income 1099 was 10200 do you need to file income taxes?
Absolutely. If you have more than $400 in income from self-employment (i.e. being a contractor) you need to file.
Do you file income taxes even if you had no income?
There is no need to file an income tax return if you had no income. That said, there was a year when senior citizens could claim a tax credit by filing even if they had not income so your question is valid. For 2010 though, as the rules stand today, you don't need to file.
Under what conditions do I need to file a federal tax form 1065?
You need to file tax form 1065 if your income is the result of a partnership. If your income is split between business partners, this is probably the form you will need to fill out.
I'm a retired and my ssa income is low, Do I need to file?
Does low income retiree need to file income tax?
If i have no income do you need to file a return?
Yes
Do you need to file taxes if you had no income?
yes
If your total earned income 1099 was 10200 do you need to file income taxes?
Absolutely. If you have more than $400 in income from self-employment (i.e. being a contractor) you need to file.
Do you file income taxes even if you had no income?
There is no need to file an income tax return if you had no income. That said, there was a year when senior citizens could claim a tax credit by filing even if they had not income so your question is valid. For 2010 though, as the rules stand today, you don't need to file.
Do college students need to file income tax?
Yes, college students need to file income tax if they have some manner of income during the year, such as from a part-time or summer job.
Can child support be modified for rate of current income?
Yes. If there is a substantial change in income the order can be modified. You need to file a motion for modification at the court with jurisdiction.Yes. If there is a substantial change in income the order can be modified. You need to file a motion for modification at the court with jurisdiction.Yes. If there is a substantial change in income the order can be modified. You need to file a motion for modification at the court with jurisdiction.Yes. If there is a substantial change in income the order can be modified. You need to file a motion for modification at the court with jurisdiction.
I earned $945.00 working for my landlord and I need to know if I can file income taxes on this?
Yes you can file income taxes on $945.00 that you earned.
Do i need to file income taxes Workmens comp did not send you a1099?
Do i need to file income taxes ,workmens comp did not send me a 1099? I did not file last year 2007 because i asked workmens comp. for a 1099 they did not send ...so i assumed i did not need to file. Can i file both years?
When do I need to tell other to file their federal income tax?
You need to tell them to file their federal income taxes before April 15 I believe, here is the website check it out www.irs.gov/ that should show you when to file
Do you need to file tax returns for interest income?
Intrest made on income is income, and as such, should be reported on your 1040.
Under what conditions do I need to file a federal tax form 1065?
You need to file tax form 1065 if your income is the result of a partnership. If your income is split between business partners, this is probably the form you will need to fill out.
